Negotiations are reportedly underway between a local representative for a Chinese fishing vessel and tribal elders representing the pirates that seized a Chinese-owned fishing boat off the coast of Somalia.

Japanese shipowner NYK has reached a deal with Eneos to buy conventional bunker fuel with attached carbon credits, or offsets. This will reduce NYK’s net emissions in years to come.  Under the agreement, Eneos will purchase carbon credits from 1PointFive, an initiative of Occidental Petroleum and BlackRock. Each credit represents…

The vessel will be outfitted with two 240 kW hydrogen fuel cells and will have a hydrogen storage system that will hold 550 kg of hydrogen.

This year has particularly been challenging for containerized cargo shippers, with geopolitical factors and low water levels in Panama Canal destabilizing supply chains